Ethiopia, Latvia agree to forge economic cooperation

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Ethiopia and the Republic of Latvia have agreed to forge economic cooperation covering a wide range of sectors, including air transport service, educational partnership, forestry and climate change as well as information and communication technology.

This has been emphasized this morning (April 24, 2017) during a meeting between State Minister Mrs. Hirut Zemene and a Latvian delegation led by Andrejs Pildegoviês, State Secretary of the Republic of Latvia.

State Minister Hirut briefed the delegation on how Ethiopia’s economic policy and strategy have transformed the country’s economy over the last decade, while noting that Ethiopia is also working to become a middle income country by 2025.

She also briefed the delegation on the tremendous investment opportunities in Ethiopia and called on Latvian companies to do business and invest in Ethiopia. Noting that there are plenty of opportunities and potentials for cooperation, Mrs. Hirut particularly underlined that both countries should work closely to maximize the benefits of economic partnership.

State Secretary of the Republic of Latvia, Andrejs Pildegoviês expressed that his government is keen to expand its engagement with Ethiopia and forge economic cooperation.

The Latvian delegation, he said, had already begun to explore potential areas of doing business and investment in Ethiopia. To this effect, he added his team met with members of the Ethiopian Chamber of Commerce and Sectoral Association earlier today.

Mrs. Hirut commended the initiative, and as Ethiopia is one the few countries that have ambitious plans of building green economy, she said it would be very useful to share experiences in the area of forestry management and of climate change.

The two sides have also reiterated the need to work in concert on areas of regional and global security issues of common interest.


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